Key Factors in #CRV's Mid-Term Outlook

💎 The mid-term trend for #CRVUSDT is undergoing a shift from bearish to bullish. This transformation is supported by the recent price action, which has witnessed the formation of higher highs and higher lows. Adding to the positive outlook, the Volume Profile level has transitioned from acting as resistance to becoming a support zone, as evidenced by three consecutive bounces over the past week. Moreover, #CRV is currently trading within an ascending channel, with a recent bounce from its lower boundary.

💎 If #CRV manages to hold above the current demand zone, we can anticipate a swift upward movement, targeting $0.81 level. This represents a potential 20% price increase, which is remarkable considering the prevailing market conditions. The $0.81 price level holds significant importance, as it coincides with the top of the ascending channel, a previous demand zone, and the downtrend trendline. This convergence of key features makes it an enticing target for bullish traders.

💎 While the odds currently favor an uptrend, it is essential for Paradisers to remain cautious and prepared for a potential downside breakout. Such a development would likely alter the direction of the mid-term trend. Nevertheless, bullish traders are likely eager to seize such a compelling risk-reward opportunity.

Trade wisely and seize the opportunities that lie ahead, Paradisers! Your ParadiseTeam 🌴

Trade closed: target reached:

💎Today, #CRVUSDT has reached the projected resistance level and encountered the downtrend trendline. Within a span of just one week, the price has surged by 20%, prompting a potential profit-taking activities. However, it is crucial to closely monitor today's #CRV daily close. If it surpasses the current supply zone, we can anticipate a continuation of the uptrend, potentially leading to an explosive price surge and exponential growth in the weeks ahead.

💎Conversely, as mentioned earlier, profit-fixing actions could trigger a significant pullback or even signal the onset of a long-term downtrend continuation. The bulls should remain vigilant, particularly if the trendline faces rejection, as it may serve as the initial warning sign.

Stay informed, Paradisers, as we navigate the market dynamics and identify strategic opportunities. 🌴